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Snowflake = Biggest ever software IPO

The hotly-anticipated Warren Buffet-backed IPO of Snowflake happens today and it’s expected to be the biggest software IPO ever.

USD drops after dovish Fed

The US dollar retreated, gold gained and stocks were steady after the Fed kept its dovish message, offering no sign that it will taper its QE program in its latest meeting. Apple and Facebook beat Q1 earnings estimates afterhours.

Fed meeting today

GameStop led the way higher again for the most shorted stocks as the Reddit-led short squeeze continued into afterhours trading on Tuesday following a tweet from Elon Musk. Microsoft beat earnings while the dollar dropped before the Fed meeting today.

Dollar jumps after Fed minutes

The dollar was stronger after the Federal Reserve released minutes of its last meeting, while the British pound slumped following new UK guidance on the AstraZeneca vaccine. Rising tech stocks saw the S&P 500 nudge out its 18th record high of 2021.

Hong Kong gains & AUD/USD

Hong Kong gains & AUD/USD above 200 DMA - Daily Market Update

Tech Earnings & Fed Meeting

Strong consumer confidence data pushed the US dollar index higher alongside USD/JPY, while gold was flat before the Fed Meeting and stock investors are watching big tech earnings.

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